FICO has announced a major shakeup that will make it cheaper and easier for lenders to get your credit score. For the big ...
More than 40 per cent of people (44%) are set to drop down a score banding after the changes being introduced by Experian.
Private mortgage insurance companies still require a minimum 600 or 620 middle credit score for borrowers putting less than 20% down.
New guidelines should provide homeownership opportunities for certain consumer segments with thin credit files and open up product options, lenders said.
The changes will see Experian offer a more detailed view of information on credit reports and ways to improve scores.
In the Philippines, where fintech innovation is driving a surge in credit use in the Philippines, responsible borrowing is a powerful tool that can lead to better economic and social opportunities.
Experian is changing its credit score system, and says its new model will take into account 'more of the positive financial ...
People will see their credit score take account of rental payments for the first time under a major overhaul being rolled out by Experian. The move is being made with the aim of better reflecting how ...